BUSINESS
10/31/2010 05:12 am ET | Updated May 25, 2011

Why Wall Street Donors Are Abandoning Obama: Andrew Ross Sorkin

But what is surprising is that some of the president's biggest supporters have so publicly derided his policies, even at the risk of hurting their ability to influence the party in the future. Issues like the carry-interest tax on private equity or the Volcker Rule have become personal.

Why so personal? The prevailing view is that bankers, hedge fund mangers and traders supported the Obama candidacy because he appealed to their egos.

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